Overview
- Wholesale gasoline fell again on November 19 on the St. Petersburg exchange, with AI‑92 down 0.64% to 60,247 rubles per tonne and AI‑95 down 0.39% to 70,802 rubles.
- Average retail gasoline prices declined for a second week in November 10–17, slipping 0.2% to 65.21 rubles per litre, while diesel rose 0.32% to 74.8 rubles, according to Rosstat.
- Deputy Prime Minister Alexander Novak said export restrictions, weaker seasonal demand and refinery restarts are pushing down wholesale prices and that cuts are beginning to appear at independent stations.
- The State Duma approved in a second reading an excise exemption for denatured ethyl alcohol used in AI‑92 production, with the blending limit moving from 1% toward 10%, according to Deputy Finance Minister Alexey Sazanov.
- Novak said Russia has fully completed OPEC+ overproduction compensation, underused its October quota by about 70,000 barrels per day and now plans to align output with its quotas.